5 minute read

Ready for Business

ALL THE NECESSITIES FOR GROWTH AND DEVELOPMENT can be found in Coeur d’Alene: an abundance of water, inexpensive power, good broadband, terrific quality of place, a committed workforce, thriving healthcare services, a commitment to education, an entrepreneurial spirit, all help to create a good business climate.

Kootenai County’s growing population and economic development provide many opportunities for starting or relocating a business to North Idaho. Cost of doing business in Idaho sits at 3.6% below the national average, along with energy costs that are the second lowest in the U.S. at 27% below the national average. Of all 50 states, Rich States, Poor States and U.S. News and World Report rank Idaho’s overall economy at #3. Various organizations as shown here, have developed programs to recruit and assist businesses in relocating to our community. In addition, Coeur d’Alene’s Urban Renewal District has helped to establish infrastructure for developments that create value for public places. The missions, goals and services provided by these organizations complement the services of the Coeur d'Alene Regional Chamber.

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idahobizhelp.org

Starting a business in Idaho? Visit the Business Wizard at www.idahobizhelp.org to obtain a customized checklist of local, state, and federal taxes and regulations that may affect your business. You will also find information on licenses and permits, employee issues, as well as information on registering your business name and entity type in Idaho.

igniting a community ignite cda

208.292.1630 •ignitecda.org

Something remarkable happens when people unite around shared interests. Visions align. Ideas take shape. Communities thrive.

ignite cda is Coeur d'Alene's Urban Renewal Agency and is the lead public partner for leveraging the potential of public/ private partnerships within CDA's Urban Renewal Districts to achieve Coeur d’Alene’s vision of a diverse, sustainable community with healthy neighborhoods, a vibrant central city, a strong regional economy, sustainable superior public open spaces, and quality jobs and housing for all.

One of the most significant recent projects undertaken by ignite cda and the City of Coeur d’Alene is the Atlas Mill Site Waterfront Development along the Spokane River. The Atlas Project created a new public shoreline, park/playground, walking/biking trails, ADA accessible swim area, nonmotorized watercraft launch and a dog park, all with ample parking. In addition, the development will feature single family homes, mixed-use commercial/residential, multi-family housing and an array of condominiums.

Small Business Development Center

208.665.5085 • nisbdc.com

NIC’s Idaho Small Business Development Center (Idaho SBDC) offers confidential no-cost business coaching and low-cost training to business leaders to help their businesses thrive and grow. Independent study indicates Idaho SBDC clients outperform their peers by over 700%.

The SBDC is located in the Hedlund Building, Suite 145 on the North Idaho College Campus, 420 North College Drive.

Idaho SBDC services include...

• Maximizing yourbusiness profit • Hiring winners and improving your leadership • Expanding your business successfully • Reaching new markets effectively • Improving your business operations • Taking new technology/invention to market • Gaining capital to launch or grow your business • Buying/selling your business • Exit strategy • Exporting to global markets • Thinking about starting a business

1.800.621.5600 or 208.667.4753

The Coeur d’Alene Area Economic Development Corporation (CdAEDC) is a nonprofit, public-private organization for Kootenai County representing rural communities in the region, and the cities of Coeur d’Alene, Post Falls, Hayden and Rathdrum. Their mission is to build a healthy economy for the region by strengthening the base, diversifying the economy, supporting the creation of new jobs, and advancing workforce development. The CdaEDC works in cooperation with local, regional, and state economic partners, existing businesses and industries to facilitate business retention, expansion and attraction.

The CdAEDC offers free of charge, confidential business services customized to your specific needs:

• Identifying potential sites in partnership with commercial brokers and building/property owners. • Coordinating and managing logistics for site selection trips. • Providing regional data for economic and business development. • Identifying local and state incentive programs and navigating the application process. • Facilitating permitting processes at state and local levels. • Organizing strategic meetings with business leaders and local/state government offiicials. • Connecting companies with a workforce by making the screening, interviewing, hiring and training easy. • Connecting companies with agencies and organizations relevant to business needs and community involvement. • Establishing B2B relationships in Northern Idaho and

Eastern Washington. • Promoting businesses and organizations through marketing and PR.

Panhandle Area Council

208.772.0584 •pacni.org

Panhandle Area Council (PAC) is a designated Economic Development District. Members of the Council are elected officials from north Idaho cities and counties, as well as the Coeur d’Alene and Kootenai Indian Tribes. The Council serves the five northern counties of Idaho: Boundary, Bonner, Kootenai, Benewah and Shoshone. PAC is a nonprofit organization incorporated in 1972 and is also recognized as: • Economic Development District, designated by the U.S.

Department of Commerce, Economic Development

Administration (EDA). • Substate Planning Organization, recognized by the State of Idaho. • Certified Development Corporation, certified by the

Small Business Administration. • Associate Office for International Business Resources, designated by the U.S. Department of Commerce. • Private Sector, PAC houses a business incubator center designed to assist start-up companies.

Business Friendly Environment

Predictable fair taxes, minimal regulations

Productive Adaptable Workforce

Customizable training programs and excellent work ethic

Unmatched Quality of Life

Outdoor paradise, four seasons

#1 - Most Moved to State in 2020

United Van Lines

CDA 2030

cda2030.org • info@cda2030.org

CDA 2030 seeks to guide the greater Coeur d’Alene community in realizing its vision for a bright future - together. CDA 2030 reflects a conversation shaped by the diverse ideas, perspectives and points of view of our community, including 3,000+ vision input participants. The organization was designed to build community awareness and collaboration based on sound information and open, constructive dialogue. As a nonprofit organization, CDA 2030 helps local businesses, government and community organizations carry out the Vision and its 180-action Implementation Plan. Now CDA 2030 is continuing to oversee progress towards the community Vision for greater Coeur d’Alene.

CDA 2030 continues to support priority actions such as: • Envision Coeur d’Alene – gathering opinions of citizens to update the city’s 20-year comprehensive plan • East Sherman Avenue Revitalization Plan • Affordable childcare • Lake protection and management • Affordable housing To learn more, visit CDA2030.org